Organic firm eyes Nevada

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Terra Tech, a publicly traded organic-produce grower operating throughout the Midwest, Northeast and Florida, plans to expand to Nevada and into the medical marijuana market.

“We’re growing produce now, and it’s a great business for us,” said CEO Derek Peterson. “We have this infrastructure already built. We’re in medical marijuana (in Northern California), and we want to complement it with cannabis.”

He said Terra Tech will apply for licensing as a cultivator and dispensary when the application process opens in the fall, starting in Clark County.

But Peterson said the company has its eyes on other parts of the state as well.

“Most people doing this don’t really know where their product is coming from,” Peterson said. “It’s grown in some basement, indoors, using lighting and the carbon footprint is ridiculous.”

Terra Tech will use proven agricultural methods featuring hydroponics that it manufactures in greenhouses, he said. In the long term, Peterson said, that is the only sustainable model for growing not only the herbs and other products under his brand name Edible Garden but for marijuana.

The company’s existing system, he said, is based on the “locally grown” mode.